Xtek Ltd - Additional ADF SUAS Purchase Order
Xtek Ltd (ASX:XTE)

Additional ADF SUAS Purchase Order

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Highlights

What's happened?

XTEK Limited (ASX:XTE "XTEK") has received a purchase order from the Australian Defence Force (ADF) for the supply of additional AeroVironment WASP AE Small Unmanned Aerial Systems (SUAS).

What are the key highlights?

  1. The order is worth ~A$2.8m and is in addition to the ongoing SUAS supply contract to the ADF.
  2. XTEK has a strong relationship with the ADF, with more than fifty AeroVironment WASP AE SUAS delivered to date, and more SUAS scheduled for delivery in the near term.
  3. XTEK’s comprehensive SUAS repair and maintenance facility in Canberra continues to support the ADF’s growing SUAS fleet.
  4. Under the long-term support contract (secured in September 2019), XTEK has delivered around A$8m in FY20.
  5. Further potential sales are expected as the ADF explores and develops innovative applications to employ SUAS in the field.

Managing Director's Summary

Philippe Odouard

"The supply and maintenance of SUAS remains an ongoing focus for XTEK. Our SUAS business underpins our increasing revenue, with recurring attributes. In addition, our facility in Canberra is in full operation providing critical repair and maintenance services to support the ADF’s growing SUAS fleet. We are the full-service SUAS supplier of choice for the ADF and look forward to continue servicing our Defence Force.”

Philippe Odouard
Managing Director, Xtek Ltd
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